PTSB to seek London listing as part of push to raise €525m in IPO

The beleaguered bank will begin raising the money just over a fortnight from now.

Jeremy Masding (left), group chief executive of Permanent TSB, with Alan Cooke, thebank’s chairman Picture: Maura Hickey
Jeremy Masding (left), group chief executive of Permanent TSB, with Alan Cooke, thebank’s chairman Picture: Maura Hickey

Permanent TSB will reveal details of its €525 million capital raising plan on Tuesday.

The bank, which is 99 per cent owned by taxpayers following a €4 billion bailout in

2011, will formally begin the initial public offering to raise the money on April 28.

As part of the flotation, PTSB will seek a listing on the main ...